UPDATED, Aug. 22, 5:57 p.m.: Mary Jo Eaton, a global president of CBRE based in Miami, has left the position, sources told The Real Deal.
A CBRE spokesperson said Eaton is no longer global president of asset services and valuation and advisory services, a position she held for about two years. The spokesperson said Eaton is now “just an executive” but said she did not know what that role entails.
Eaton has worked for CBRE since 2011, and was previously president of Florida and Latin America, and before that, managing director of CBRE’s Baltimore office. In her more recent role, she was responsible for 18 offices and four CBRE affiliates. Her bio has been removed from CBRE’s website.
Eaton did not return calls for comment. The change was part of a national restructuring announced on Friday, which included promoting Mike Lafitte to global CEO of advisory services, Jack Durburg to global chief operating officer, and Steven Swerdlow to group president. The promotions are all effective January 1, 2019.
Also effective Friday, Global Group President Calvin Frese Jr. stepped down from that role and will remain an employee until he retires at the end of 2019, according to a filing with the Securities and Exchange Commission. As part of the agreement, Frese will receive $2 million in 2019 and $10 million in 2020, along with his salary of $700,000.
CBRE is also eliminating the CEO roles for the Americas; Europe, the Middle East and Africa; and Asia-Pacific regions. On Monday, CBRE promoted Chris Connelly to the position of global president of asset services and investor leasing. Connelly is based in Chicago.